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Jan 14, 2013
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obama. he isn't viewed as a skilled and experience capitol hill negotiations but he does not have strong ties to wall street. it is likely he will be confirmed by the senate. >>> the dow jones industrial average broke a two-week losing streak on wednesday. continued to rise through the week. the s&p 500 in fact closed at a new five-year high on thursday. earning season is under way and dow component alcoa picked off, profits were in line at alcoa while revenues were better than analysts expected. wells fargo beat expectations as did american express. apple is said to be considering a cheaper version of the iphone. the iphone5 costs about $200 with a contract with a wireless carrier. the less expensive version would have a plastic body. >>> the debt ceiling, new treasury secretary, will washington be an on stockles to the market and the economy or will washington be a help? joining me now is geg i and author of "the economist" and jerry webman, chief economist at oppenheimer funds. thanks for
obama. he isn't viewed as a skilled and experience capitol hill negotiations but he does not have strong ties to wall street. it is likely he will be confirmed by the senate. >>> the dow jones industrial average broke a two-week losing streak on wednesday. continued to rise through the week. the s&p 500 in fact closed at a new five-year high on thursday. earning season is under way and dow component alcoa picked off, profits were in line at alcoa while revenues were better than...
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Jan 14, 2013
01/13
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says america is on its way to a good year when it comes to the economy. but there is a big if here. ali velshi has some thoughts. he's up next. >>> president obama says he won't negotiate any spending cuts with a gun held up to the head of the american people. from the cnn money newsroom, in new york, i'm ali velshi. this is your money. apple gets a bite taken out of its stock. toyota and gm are neck and neck again. first gold and now oil. california will be a prospector's dream again. and stocks are up, but should they be? first, president obama spoke with reporters today emphasizing his position that the debt ceiling is not a license to spend more. it is about paying bills that congress has already agreed to. he likened it to stiffing the waiter at a nice restaurant after gorging on a meal. >> you don't go out to dinner, and then, you know, eat all you want, and then leave without paying the check. and if you do, you're breaking the law. >> u.s. hit the debt ceiling on december 31st. the treasury is using so-called extraordinary measures to put off any
says america is on its way to a good year when it comes to the economy. but there is a big if here. ali velshi has some thoughts. he's up next. >>> president obama says he won't negotiate any spending cuts with a gun held up to the head of the american people. from the cnn money newsroom, in new york, i'm ali velshi. this is your money. apple gets a bite taken out of its stock. toyota and gm are neck and neck again. first gold and now oil. california will be a prospector's dream again....
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Jan 14, 2013
01/13
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obama. he is viewed as a experienced and hand in negotiations but does not have strong ties to wall street. it is likely he will be confirmed by the senate. >>> the dow jones industrial average continued to rise on earnings news through the week. the s&p 500, in fact, closed at a new five-year high thursday. earnings season is under way, and dow component alcoa kicked off. profits in line at alcoa, while revenues were better than analysts expected. financial giant, wells fargo, beat expectations, as did american express. apple is said to be considering a cheaper version of the iphone. the iphone 5 costs about $200 with a contract with a wireless carrier. the less expensive version would have a plastic body. >>> the debt ceiling, the new treasury secretary, so will washington be an obstacle to the markets and the economy, or will washington actually be a help? joining me now, greg ip, u.s. economists editor of "the economist" and author of "the little book of economists" and jerry webman. gen
obama. he is viewed as a experienced and hand in negotiations but does not have strong ties to wall street. it is likely he will be confirmed by the senate. >>> the dow jones industrial average continued to rise on earnings news through the week. the s&p 500, in fact, closed at a new five-year high thursday. earnings season is under way, and dow component alcoa kicked off. profits in line at alcoa, while revenues were better than analysts expected. financial giant, wells fargo,...
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Jan 14, 2013
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we have this fight a year and a half ago and the taxpayers won and obama lost. we're going to have this fight again. obama wants to keep spending crazily. he wants to have more solyndras. the answer is no. and the only person who can default is obama. when we hit the debt ceiling they're not allowed to borrow anymore. you don't not pay your mortgage if you get a 10% cut in your salary. you reduce other things. you pay your debts first and then you deal with other spending. the president's tried to turn that upside down by saying he would cancel the debt. he can't do it. he won't do it. he's lying when he says that's what he will do. i think we have a conversation over the next two months reminding the american people that we will pay our debts but we won't pay obama's crazy overspending. >> the people are in charge. whether it's jack lew or tim geithner if you remember what happened at the end of 2011, it was an issue where you're going to be watching on tv that the soldiers that protect our freedom, are they going to get their check? soldiers that came back wou
we have this fight a year and a half ago and the taxpayers won and obama lost. we're going to have this fight again. obama wants to keep spending crazily. he wants to have more solyndras. the answer is no. and the only person who can default is obama. when we hit the debt ceiling they're not allowed to borrow anymore. you don't not pay your mortgage if you get a 10% cut in your salary. you reduce other things. you pay your debts first and then you deal with other spending. the president's tried...
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Jan 14, 2013
01/13
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this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require businesses to veri verify employees in the country legally. the president will lay out his annual state of the u.n. address set for february 12th. >> let's take a look at the markets this morning. at this point, the futures outlook is mixed. dow and s&p 500 futures are both indicated higher. fass dak futures are indicated slightly down, down by just over 7 points and i wonder if part of that is because of what is happening with apple. that sdun does the make up a big part of the post shares percentage. if you take a look at europe this morning, you'll see that it was at this point the averages there above fair value are trading higher in the early trade there. in france, cac is up by .4%. germany the dax is up by .6%. the ftse is lightly higher bay few points in london. in asia overnight, you'll see that the hang seng endeded up by almo
this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require businesses to veri verify employees in the country legally. the president will lay out his annual state of the u.n. address set for february 12th. >> let's take a look at the markets this morning. at this point, the futures outlook is mixed. dow and s&p 500 futures are both indicated higher. fass dak futures are indicated...
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Jan 14, 2013
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whether any technology lessons to be drawn from this years election? >> it's always hard to reason from one event. the winners get to write history and the losers think about the next election. there's no question the obama campaign, had a technology strategy that helped elect the president. they had little processors and targeted programs and send out the vote. to me the way to say this is governments are going to change, too. because on the one hand governments have an awful time delivering services. now we can measure the. if someone as you give me some money to donate rice to the following village, we cannot check whether the rice got there. a check and balance on sort of the corruption. and we can test the effectiveness of programs. to give you some of the more worrisome examples, governments can know where people really are and governments can figure out where people report what they're doing versus what they're actually doing. there are all sorts of worrisome scenarios that you can imagine, the slippery slope. i'll pick one in britain. in london
whether any technology lessons to be drawn from this years election? >> it's always hard to reason from one event. the winners get to write history and the losers think about the next election. there's no question the obama campaign, had a technology strategy that helped elect the president. they had little processors and targeted programs and send out the vote. to me the way to say this is governments are going to change, too. because on the one hand governments have an awful time...